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Supply Chain Management

Category - SRM

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What best describes the goal of the SRM process of “Negotiate”?

To negotiate an effective contract.
To make deals for future contracts.
To close a specific order.
None of the above.

Explanation

Answer: A - The goal of the SRM process of “Negotiate” is to negotiate an effective contract that specifies price and delivery parameters for a supplier in a way that best matches the enterprise’s needs.

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